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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 1,564 $ 1,432 $ 4,451 $ 4,422
Costs and expenses:        
Cost of revenue (850) (766) (2,332) (2,281)
Selling, general and administrative expenses [1] (461) (451) (1,353) (1,392)
Restructuring 0 0 (41) 0
Amortization expense (64) (69) (188) (198)
Total costs and expenses (1,375) (1,286) (3,914) (3,871)
Net gain on divestiture 0 0 41 0
Operating income 189 146 578 551
Loss on extinguishment of debt (4) 0 (4) 0
Interest expense, net (38) (32) (105) (94)
Other income (expense) 20 50 (72) 96
Income before income taxes 167 164 397 553
Income tax expense (43) (39) (112) (148)
Net income 124 125 285 405
Less: Income attributable to noncontrolling interest (2) (1) (7) (2)
Net income attributable to Warner Music Group Corp. 122 124 278 403
Class A Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 34 $ 34 $ 77 $ 108
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.23 $ 0.24 $ 0.53 $ 0.77
Diluted (in dollars per share) $ 0.23 $ 0.24 $ 0.53 $ 0.77
Weighted average common shares:        
Basic (in shares) 138,290,000 137,165,000 137,990,000 132,494,000
Diluted (in shares) 138,290,000 137,165,000 137,990,000 132,494,000
Class B Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 88 $ 90 $ 201 $ 295
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.23 $ 0.24 $ 0.53 $ 0.77
Diluted (in dollars per share) $ 0.23 $ 0.24 $ 0.53 $ 0.77
Weighted average common shares:        
Basic (in shares) 377,650,000 377,650,000 377,650,000 382,178,000
Diluted (in shares) 377,650,000 377,650,000 377,650,000 382,178,000
[1] Includes depreciation expense of $(461) and $(451) for the three months ended June 30, 2023 and June 30, 2022, respectively, and $(1,353) and $(1,392) for the nine months ended June 30, 2023 and June 30, 2022, respectively.